Empire (TSE:EMP.A – Get Free Report) had its price objective raised by analysts at TD from C$50.00 to C$53.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s target price would indicate a potential upside of 2.85% from the stock’s previous close.
A number of other research analysts have also recently commented on the stock. Desjardins set a C$53.00 target price on shares of Empire and gave the company a “buy” rating in a research report on Monday. National Bank Financial increased their price target on shares of Empire from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Monday. Royal Bank Of Canada increased their price target on shares of Empire from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a report on Friday. Canadian Imperial Bank of Commerce boosted their price target on Empire from C$54.00 to C$58.00 and gave the stock an “outperformer” rating in a research note on Friday. Finally, Scotiabank downgraded Empire from an “outperform” rating to a “sector perform” rating and set a C$52.00 price objective for the company. in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Empire has an average rating of “Hold” and an average price target of C$54.14.
View Our Latest Stock Report on Empire
Empire Price Performance
Empire (TSE:EMP.A – Get Free Report) last posted its quarterly earnings results on Thursday, June 18th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$7.81 billion for the quarter. Empire had a net margin of 2.18% and a return on equity of 12.94%. Research analysts expect that Empire will post 2.9581227 earnings per share for the current year.
About Empire
Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations. The company’s investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.
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